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In a no-holds-barred joint interview at the Fantagraphics offices in Stamford, Connecticut, DAK turns the tables on the Comics Journal publishers. Groth recounts how he and Mike Catron rescued the Journal from its original Texas publishers and rebuilt it from an advertising trade sheet into a critical magazine, with Thompson coming aboard shortly after; the switch to magazine format quadrupled circulation from 2,000 to 8,000. Groth and Thompson defend their reputation for negativism, arguing that their stringent critical standards come from a deep love of the medium's unrealized potential, and that mainstream comics — singling out Secret Wars as an example as infantile as a bad 1940s comic — have failed to evolve artistically in forty years. They discuss plans to expand outside the direct market through album-format reprints such as Popeye, warn that most independent publishers are financially precarious, and discuss the three lawsuits pending against the Journal. Thompson explains the rationale for making Amazing Heroes bi-weekly, and Catron describes his role handling circulation and advertising for the entire Fantagraphics line.

Kim Thompson of Fantagraphics responds to a previous letter about adult comic stores, arguing that dozens of existing graphic albums already constitute a viable inventory for a mainstream adult comics store, and that the key is to stock and display them like a proper bookshop rather than a hobby shop.

Features a note from Neal Adams correcting a misconception in a prior Tom Lyle interview about Robin's hair design; a sharp letter from Kim Thompson (Fantagraphics) criticizing DAK's editorial rebuttal of Chester Brown's dismissal of superhero comics; and a spirited defense of superhero comics from reader Clif Langlois.

Responses to the CI #100 "Power 100" list from John Byrne (arguing freelancers have no real power), Lou Bank of Marvel (defending omitted employee Sven Larsen), and Gary Groth and Kim Thompson of Fantagraphics (Thompson disputing DAK's characterization of Alan Moore); DAK responds to Thompson at length.